UK car production grew by 4 percent to 791,314 in the first six months thanks to new models, the Society of Motor Manufacturers and Traders (SMMT) said.
Daily Archives: July 26, 2014
Bentley may add a fifth model after SUV launch
Bentley may add a fifth model to its product lineup, CEO Wolfgang Duerheimer said.
Bentley CEO retreats on ‘aggressive’ sales forecasts
Bentley expects to increase deliveries this year by less than previously forecast, CEO Wolfgang Duerheimer said today.
GM’s quarterly profit plunges on recall costs, higher Europe loss
General Motors posted an 85 percent drop in second-quarter net income, hurt by recall-related expenses in the United States and restructuring costs in Europe.
Costs related to GM’s unprecedented spate of safety recalls, along with special items, sliced GM’s net income for the April-June period by about $1.5 billion net of taxes, down to $190 million, from $1.26 billion in the year-earlier period.
currency strength, weak global demand hit Hyundai’s Q2 profit
Hyundai said its net profit for the second quarter fell the most since the first quarter of last year, as the automaker was hit by the local currency’s sharp gain versus the dollar. The automaker warned that it expects a tough second half as the South Korean won remains strong and global demand growth weakens.
